Eric Stine

Asked by Luke Persons on for Eric Stine. CEO cited ongoing hyperscaler and data-center dialogue but gave no specific customers, keeping focus on TVA.

Asked by Luke Persons on for Eric Stine. CFO said the Japan/Korea commitments are promising but the TVA plant's capital structure is not dependent on that cash.

CCO agreed, noting many suppliers are also strategic investors and that years of long-lead-item ordering is a hard-to-replicate advantage.

CEO and CFO said serious customers understand the Part 52 vs Part 50 risk differentiation and want reliable clean power without owning a nuclear asset.

COO confirmed 12 modules in production and Doosan's ramp toward higher capacity, answering the capacity-confidence question directly.

General Counsel declined to unpack the ENTRA1 term sheet or PPA-trigger mechanics, citing an NDA.

Hopkins confirmed it is a critical step (not the final firm agreement) and said InterOne is finalizing the PPAs, a direct, framing answer.

Stine asked whether the early 77 MWe uprate approval lifted customer engagement; management said it is seeing more line of sight to potential customers and that a prospect resumed discussions.

Hopkins argued light-water technology's 70-year regulatory track record differentiates NuScale, which already has NRC design approval unlike demonstration-phase rivals.

Hopkins said few large plants can restart and expects SMRs, not gigawatt-scale restarts, to be the primary near-term addition to the grid.

Hopkins said technical requirements for the 77 MW uprate are essentially complete with only the administrative NRC process remaining, targeting mid-2025.

CEO said the Meta agreement is already a binding commitment and a PPA would come together over the next year or so as procurement advances.

CEO said conversations with major players have accelerated toward binding, prepayment-style offtakes but gave no specific new PPA.

Jake said the topical report process runs about 12 months and, rather than accelerating the first plant, delivers significant scalability benefits for subsequent deployments.

Jake reaffirmed a Q4 full-application timeframe, following Phase 1 readiness feedback, with possible upside from pending executive actions.

Jake pointed to 600-plus NRC meetings and engagement since 2016 as building confidence, while stressing the goal is licensing efficiently and scalably, not just obtaining a license.

Management gave a discursive answer describing many partnership structures (prepayments, strategic investment, JVs, supply chain) rather than quantifying prepayment demand.

Management named facility build-out, materials sourcing and regulatory milestones as watch points but did not give a crisp checklist of dated signposts.